Union Parliamentary Affairs Minister, Kiren Rijiju, commended India’s handling of fuel prices amidst global turmoil caused by the West Asia conflict. He emphasized that India’s approach demonstrates responsible governance aimed at shielding citizens from inflationary impacts. Rijiju highlighted that while many nations faced significant petrol and diesel price hikes, India limited the rise to just +3.2% for petrol and +3.4% for diesel, despite Brent crude surpassing $100/barrel.
Rijiju praised the government’s leadership under PM Narendra Modi for prioritizing the welfare of the people and maintaining economic stability. His remarks coincide with a broader political narrative underscoring India’s comparatively modest adjustments in fuel prices compared to other countries affected by supply disruptions and crude oil price fluctuations.
Amit Malviya, BJP IT Cell incharge, also presented an analysis supporting India’s stance on fuel prices. He pointed out that amidst escalating tensions in West Asia and Brent crude exceeding $100/barrel, India witnessed one of the smallest fuel price increments globally. Malviya highlighted that from February to May 2026, various countries experienced substantial fuel price hikes, with India recording a minimal increase of approximately 3.2% in petrol and 3.4% in diesel prices, the lowest among major market economies.
Malviya further noted that Indian public sector Oil Marketing Companies absorbed significant losses for about 76 days to mitigate the impact of rising global crude prices on consumers. This strategic move helped delay price adjustments for consumers, shielding households from immediate inflationary pressures. Despite a recent Rs 3 per litre revision, India’s fuel prices remain notably lower compared to the surge witnessed in global markets.
